Gold and silver are taking a hit, with prices dropping 4% and 11% respectively. This decline is likely due to stronger US dollar, resilient US economic data, and reduced expectations of Federal Reserve rate cuts.
This correction is a healthy pause, rather than a trend reversal. The fundamental drivers supporting precious metals remain robust, including central bank buying, industrial demand, and geopolitical tensions.
Expect some short-term volatility. Keep an eye out for the right price to add positions 😊.
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